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Memphis, TN Real Estate News

By David Saks, Broker / Industry Analyst
                                                         #2310 A local construction company recently purchased 75 acres of land and decided to build a number of storage facilities on the property for the storage of building matrerials and machinery. What is the most significant and notable condition which has been satisfied by the construction of the storage facilities on the property ? The construction of the the storage facilities on the property establishes inprovement of the property. When an improvement is built on a parcel of land it can have an impact on the land's value. Improvements can also have an effect on the land and neighborhoods surrounding it as well.
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By David Saks, Broker / Industry Analyst
                                                              #2309 When we talk about a REALTOR®, what kind of a person are we referring to ? Please take your time. The answer is posted below the wildlife photo. A REALTOR® is a member of the National Association of REALTORS®, which is also the nations largest trade organization supporting the needs of the real estate community.Many facets of the industry are examined under the aegis of this historical organization representing over a million members.
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By David Saks, Broker / Industry Analyst
                                                            #2308 When we consider the supply in the real estate markets, between the options of demographics, population, employment, and government financial policies, which one of these has the most impact ? A. Govermnment financial policies. The way the economy is behaving is the key to financing opportunities. The rate of inflation and whether or not the resources for mortgaging a home are available have an impact on the decision to purchase a home. When the Federal Reserve Board establishes the discount rate of interest for the money itlends to banks, the discount rate will have an effect on the interest rates the banks will charge to their borrowers.
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By David Saks, Broker / Industry Analyst
                                                                                   #2307 Appraisal, financing, property management and development may all be considered example of what ? A. All of these things are considered specializations within the real estate industry. Property management is the professional charge of effectively directing and watching the day to affairs of real estate. Appraisal is the professional estimate of a parcel of real estates market value. Financing is the funding of the financial resources necessary to make a real estate project a possible. Development is the act of improving by expanding, enlarging or refining some aspect of real estate.
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By David Saks, Broker / Industry Analyst
                                                            #2306 What factor is most likely to influence the demand for real estate ? A. Employment opportunities and the wage levels offered. If wages are low and the opportunity for employment is scarce, the demand for real estate becomes low. If the reverse is true the demand for real estate is high.
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By David Saks, Broker / Industry Analyst
                                                        #2305 In general, when the supply of a certain commodity increases, what tends to evolve as a natural result of this phenomenon ? A. Prices tend to drop. Increase in supply can be the result of less demand or over-production, as well as other factors which may include stockpiling ( which may have the reverse effect because of an increase in demand)
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By David Saks, Broker / Industry Analyst
                                                            #2304 Some licensees, after dedicating years of service to marketing properties, might decide to retire but not get out of real estate all together. They may decide to help clients make decisions about investing in or purchasing property. What capacity would a licensee serve in this manner ? A. Real estate counselor
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By David Saks, Broker / Industry Analyst
                                                               #2303 A bill of sale is a document which is used to transfer the title of personal property from one person to another. Do you believe this fact to be true or false ? Please take your time. The solution is posted below the wildlife photo. A. True A bill of sale is a document used to transfer personal property title from one person to another.
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By David Saks, Broker / Industry Analyst
                                                            #2302 An estmate of a property's market value conducted in a manner based on methods that have been established and undertaken by trained professionals applying professional judgement about market value is performed by whom ? Take your time. The answer is posted below the wildlife photo. A. A real estate appraiser  
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By David Saks, Broker / Industry Analyst
                                                         #2301 What are the two characteristics that we consider to have the most impact when we consider the market value of the land ? Please take your time. The answers are posted below the wildlife photo.   A. Uniqueness and immobility. What we're considering here is that no two parcels of any piece of land are identical.
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By David Saks, Broker / Industry Analyst
Another entry in the ActiveRain Summer Video Challenge A Moment of Musical Inspiration Demonstrating Beyond Reasonable Doubt That Life is a Wonderful Thing :-) Enjoy ! -David-
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By David Saks, Broker / Industry Analyst
And Now for YourTGIFriday Here's Elvis From the !957 Film "Jailhouse Rock" It's Elvis Week in Memphis ! Ya'll Come See Us, Now ! Have a great weekend, everybody, everywhere ! -David-   
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By David Saks, Broker / Industry Analyst
       Sales Summary These sales summaries reflect locally recorded data compiled from deeds that were recorded in Shelby, Fayette and Tipton Counties. *Bank sales represent all warranty deeds recorded in Shelby,Fayette and Tipton counties where the seller was a bank, reo company, or other similar institution.
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By David Saks, Broker / Industry Analyst
       Sales Summary These sales summaries reflect locally recorded data compiled from deeds that were recorded in Shelby, Fayette and Tipton Counties. *Bank sales represent all warranty deeds recorded in Shelby,Fayette and Tipton counties where the seller was a bank, reo company, or other similar institution.
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By David Saks, Broker / Industry Analyst
       Sales Summary These sales summaries reflect locally recorded data compiled from deeds that were recorded in Shelby, Fayette and Tipton Counties. *Bank sales represent all warranty deeds recorded in Shelby,Fayette and Tipton counties where the seller was a bank, reo company, or other similar institution.
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By David Saks, Broker / Industry Analyst
Sales Summary These sales summaries reflect locally recorded data compiled from deeds that were recorded in Shelby, Fayette and Tipton Counties. *Bank sales represent all warranty deeds recorded in Shelby,Fayette and Tipton counties where the seller was a bank, reo company, or other similar institution.
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By David Saks, Broker / Industry Analyst
Sales Summary These sales summaries reflect locally recorded data compiled from deeds that were recorded in Shelby, Fayette and Tipton Counties. *Bank sales represent all warranty deeds recorded in Shelby,Fayette and Tipton counties where the seller was a bank, reo company, or other similar institution.
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By David Saks, Broker / Industry Analyst
                                                                       #2300 When we consider the words broker and REALTOR® are they alike or unrelated ? Take your time. The answer is posted below the photo. A. The terms are unrelated . A broker is a real estate licensee and a REALTOR® is a member of the National Association of REALTORS®. More specifically, the term REALTORS® or REALTOR® represents a proprietary, protected trademark owned by the national REALTOR® organizaton.  
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